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A Much Quieter 3rd Quarter! icon

After a tough 2nd quarter, or more specifically a tough May, our financial results in 2012 have been slowly recovering. Our Combined Ratio is 101 through September 30. After incurring a record amount of storm claims for one month in May we are relieved that the subsequent months were much less stormy months. As apprehensive we were about how May started the traditional storm season, we are now relieved to report that overall claim numbers are lower by 12% year to date compared to 2011.

Claim service on all claim activity has been excellent. We have less open pending claims now than a year ago since storms occurred so early this year. We are optimistic about 4th quarter financial prospects as our last quarter is traditionally one of our more profitable quarters. We expect a Combined Ratio under 100 realized by year end and a Surplus gain for the year.

Written Premiums have grown by 12% YTD in 2012. Renewal retention has been excellent and your new business sales continue to be exemplary. All lines of business are showing varying premium growth rates.

Election Day is tomorrow, so do remember to vote! The Holidays will be upon us soon. We wish you and your families the very best of the Seasons. Always know we appreciate you and we appreciate your business.

Best regards,

Ron Boyd, CPCU
President and CEO

Posted on Monday, November 05 @ 10:12:11 -06:00
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